Singapore, 1 December (Argus) — Nymex crude futures were higher in today's after-hours trade, supported by easing concerns about the likelihood of a Dubai debt default and new tensions centred on Iran.
At 08:30 GMT the front-month Nymex January WTI crude contract was at $77.61/bl, higher by 33¢/bl from its close yesterday when the contract rose by $1.23/bl.
The front-month Ice January Brent crude contract rose by 33¢/bl to $78.80/bl.
Nymex January heating oil rose by 0.61¢/USG to $2.0540/USG, while Nymex January RBOB gasoline rose by 1.15¢/USG to $2.0230/USG.
Reports that Iran plans to build more uranium enrichment plants has underpinned sentiment, with the market worried it could lead to increased tensions with the international community and the Opec producer.
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